Mobius Investment Trust sticks to its guns on India despite Covid-19 surge
Managers stay bullish despite soaring case rates
Mark Mobius and Carlos Hardenberg of the Mobius Investment Trust
The Mobius investment Trust has retained its bullish stance on Indian equities despite the surging Covid-19 infection rate currently engulfing the country, with many of the company's holdings performing strongly throughout the crisis.
With a 28% allocation, India represents the largest geographic exposure in Mobius IT's portfolio, far surpassing the 10% weighting of its MSCI Emerging Market Mid Cap index.
Three Indian stocks sit within its top five holdings and account for 25.5% of total exposure.